International Journal of Engineering and Management Research (IJEMR)

Productivity measurement has travelled a long way since the early period when it was first defined as the ratio of outputs to inputs. Since productivity is directly related with profit and in current scenario profits are getting thinner due to competitive environment, efficient supply chain management, use of information systems etc. is of interest to all. A lot of research has been done on productivity measurement till now. But since the society and the organizations are facing new challenges and opportunities all the time due to dynamic work environment, changing nature of operations, change in types of outputs and inputs, changing concept of quality etc., there is a need for exploring the trends and identifying new productivity measurement and improvement opportunities and challenges to orient productivity research for future. This is a review paper thronging light on the available models of productivity measurement, their critical analysis and the usability of these models in SMEs with the special emphasis is on systems approach as it found suitable for SMEs diversified environment.